Adobe Theater Inc
- Assets
- $298.7k
- Revenue
- $200.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Albuquerque, NM
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 85-0404054
Organization Overview
Adobe Theater Inc is located in Albuquerque, NM. The organization was established in 1992. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Adobe Theater Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adobe Theater Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Adobe Theater Inc generated $200.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $106.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE FINEST, DIVERSE PLAYS AND MUSICALS TO THE GREATER ALBUQUERQUE AND RIO RANCHO METROPOLITAN COMMUNITIES; TO PROVIDE EDUCATIONAL GUIDANCE; TO ENCOURAGE THE DEVELOPMENT OF NEW THEATRICAL WORKS; TO FURNISH AN OPPORTUNITY FOR THEATER ENTHUSIASTS OF ALL AGES WITH ANY DEGREE OF EXPERIENCE TO GROW IN THEIR ABILITY ON STAGE AND BEHIND THE SCENES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE THE ADOBE THEATER WAS CLOSED FOR THE MAJORITY OF 2021, WE DID NOT HAVE FOUR PROGRAMS. WE ONLY PUT ON TWO LIVE PRODUCTIONS: DINNER WITH THE BOYS FROM OCTOBER 15 THROUGH NOVEMBER 7 AND GREETINGS FROM DECEMBER 2 THROUGH DECEMBER 19. WE REDUCED THE NUMBER OF SEATS AVAILABLE FROM 94 TO 70 AND REQUIRED VACCINATIONS AND MASKS. INCLUDED ARE THE REPORTS ON THESE TWO PRODUCTIONS CONTAINING EXPENSES AND REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Sellin Board President | OfficerTrustee | 20 | $0 |
Georgia Athearn Vice President | OfficerTrustee | 20 | $0 |
Dan Ware Secretary | OfficerTrustee | 10 | $0 |
Barbara Boyd Treasurer | OfficerTrustee | 20 | $0 |
Daniel Anaya Facilities Chair | Trustee | 10 | $0 |
Rhonda Ware Member At Large | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,793 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,692 |
| Total Program Service Revenue | $21,813 |
| Investment income | $85 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $524 |
| Payroll taxes | $309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,965 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,628 |
| Office expenses | $4,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,981 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,554 |
| All other expenses | $0 |
| Total functional expenses | $106,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,560 |
| Savings and temporary cash investments | $65,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $152,802 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,888 |
| Total assets | $298,658 |
| Accounts payable and accrued expenses | $86,505 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $86,505 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $97,242 |
| Total liabilities and net assets/fund balances | $298,658 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Adobe Theater Inc has recieved totaling $5,129.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,090 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tessitura Network Inc Dallas, TX | $21,809,645 | $43,977,511 |
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Woodlands Center For The Performing Arts The Woodlands, TX | $66,155,005 | $4,869,262 |
The Foundation For Jones Hall Houston, TX | $12,945,210 | $11,215,659 |
National Western Art Foundation San Antonio, TX | $33,318,907 | $5,418,283 |
Society For The Performing Arts Houston, TX | $2,735,277 | $4,022,539 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Dsm Management Group Inc Dallas, TX | $3,614,375 | $1,386,226 |
1894 Inc Galveston, TX | $14,356,181 | $3,638,315 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |